Trump can damage China’s economy with trade penalties. But tech restrictions might hurt more in the long term.

Jake Sullivan, the national security adviser, said in an interview that “we’ve just stuck with our theory, which is managed competition.” Trump and Xi Jinping might have other plans.

Donald Trump has privately told his advisers he wants to visit China after being sworn in to office, three sources familiar with the talks told CNN, as the president-elect seeks to facilitate an open dialogue with Beijing while also pursuing hardline stance on the country.